Sotheby's International Realty
Luxury real estate brand
From Wikipedia, the free encyclopedia
Sotheby's International Realty is a luxury real estate brokerage firm. It was founded in 1976 by Sotheby's fine art dealers. Sotheby's International Realty operates as a franchise focusing on brokering and marketing of residential real estate.
| |
Company type | Subsidiary |
|---|---|
| Industry | Real estate |
| Founded | 1976[1] |
Area served | Global |
Key people | Philip A. White (president & CEO) |
| Services | Brokerage firm for luxury homes |
| Parent | Compass, Inc. |
| Website | www |
As of 2025, the Sotheby's International Realty network had more than 26,000 sales associates in 1,100 offices in 84 countries and territories worldwide.[2]
History
In February 2004, Sotheby's entered into a long-term strategic alliance with Realogy Holdings that provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Franchises in the system are granted to brokerages and individuals meeting Realogy's qualifications. The franchisor supports its agents with operational, marketing, recruiting, educational, and business development resources.[citation needed][3] In 2012, the company launched a website for farm and ranch listings, the first in a series of specialty market Internet listings.[4] Subsequently focused marketing websites include waterfront, golf, ski, and historic properties.
In 2020, it opened offices in Porto and Montenegro.[5]
Reside magazine
The company publishes Reside, a semi-annual real estate and lifestyle magazine, which won the Hermes Platinum Award for creative excellence and outstanding design and editorial in 2009.[6]